Rohit Chopra’s prior experience as an Associate Director and Student Loan Ombudsman at the CFPB and most recently as a Federal Trade Commissioner demonstrates his strong commitment to the CFPB’s core mission to protect American consumers from unfair, abusive or deceptive financial practices and products.
NCRC applauds confirmation of Rohit Chopra to lead CFPB Read More »
This article was co-produced and co-published with the Nonprofit Quarterly. The United States is a country built on the genocide and taking of land of Indigenous peoples, as well as turning enslaved Africans into the private wealth of White citizens. This has created a nation whose riches are highly concentrated among White Americans. Even after landmark
Closing the Racial Wealth Divide: A Plan to Boost Black Homeownership Read More »
Yahoo Finance, September 2, 2021, Hurricane Ida’s Impact on Already Stretched Housing Areas Ibijoke Akinbowale, National Community Reinvestment Coalition Director of Housing Counseling Network joins Yahoo Finance to discuss the hurricane’s impact on those who have been impacted by the eviction moratorium.
Yahoo Finance: Hurricane Ida’s impact on already stretched housing areas Read More »
US Department of Housing and Urban Development, September 2, 2021, HUD Awards Over $47 Million to Fight Housing Discrimination The U.S. Department of Housing and Urban Development – through the Fair Housing Initiatives Program (FHIP) – has awarded $47.4 million to several organizations working in the fair housing issue-area. $34 million has been allocated to the
CT Insider, September 3, 2021, CT to Dole Out More Mortgage Aid to Prevent Foreclosures Amid Pandemic Up until now, this program did not see too many applicants as there was still a federal foreclosure moratorium in effect. Homeowners were also allowed to request a 18-month forbearance which halted mortgage payments for that period. However,
CT Insider: CT to dole out more mortgage aid to prevent foreclosures amid pandemic Read More »
Entrepreneur, September 1, 2021, Cadence (CADE) to Settle Redlining Probes by the DOJ & OCC In order to address and settle previously-slapped allegations of lending discrimination by redlining the Black and Hispanic neighborhoods in Houston, TX, Cadence Bancorporation CADE entered into separate arrangements with the U.S. Department of Justice (DOJ) and the Office of the Comptroller of
Entrepreneur: Cadence (CADE) to Settle Redlining Probes by the DOJ & OCC Read More »
American Banker, September 1, 2021, Regulators Are Rethinking Bank M&A Rules. It’s About Time Any bank merger revision should also demonstrate that it would not create or sustain so-called banking deserts — communities that lack reasonable access to a bank branch. Having merging firms explain how they plan to address branch redundancies — and how
American Banker: Regulators are rethinking bank M&A rules. It’s about time. Read More »
24/7 Wall St, August 31, 2021, The Most Segregated Cities in America The patterns of segregation in many major metropolitan areas can be traced back to laws and legal racial housing policies of the early 20th century used to exclude Black residents from certain neighborhoods. Even after the Supreme Court began to ban explicitly racist zoning
24/7 Wall St: The Most Segregated Cities in America Read More »
Fast Company, August 30, 2021, America’s Racial Wealth Gap Is Enormous and Getting Worse Despite gains in educational attainment and income, Black people cannot close the difference in net worth between them and white people. Only 42% of Black Americans own homes, compared with 72% of white Americans. Despite some gains, there has been a 20%
Fast Company: America’s racial wealth gap is enormous and getting worse Read More »
Market Screener, August 31, 2021, Cadence Bancorporation: Bank Announces Settlement of Claims Made by U.S. Department of Justice and the Office of the Comptroller of the Currency (Form 8-K) Cadence Bancorporation (NYSE: CADE) (the ‘Company’), the parent company of Cadence Bank, N.A. (the ‘Bank’), announced today the Bank entered into separate settlements with the U.S.
Urbanize Atlanta, August 27, 2021, 21 ‘Permanently Affordable,’ For-Sale Townhomes Bound for Vine City The $20-million project, ParkView Townhomes, will see 70 multilevel, for-sale units either rehabilitated or constructed anew at 561 Thurmond Street in Vine City—the block immediately east of 16-acre Rodney Cook Sr. Park, which officially opened last month. According to that agency, the ParkView venture
Urbanize Atlanta: 21 ‘permanently affordable,’ for-sale townhomes bound for Vine City Read More »
American Banker, August 27, 2021, ‘Night and Day’: FHFA’s Priorities Rapidly Changing Under New Leader In her two months as acting director of the Federal Housing Finance Agency, Sandra Thompson has overseen a major shift in the regulator’s focus, affordable housing advocates say, pointing to policies her team has put in place to bolster fair
American Banker: ‘Night and day’: FHFA’s priorities rapidly changing under new leader Read More »
The Points Guy, August 26, 2021, Service, Dining and Spacious Rooms: 3 Reasons I Loved Staying at the Thompson Washington, DC The Thompson is located on Tingey Street SE in Navy Yard, a historically Black neighborhood that has rapidly seen its residents priced out. From 2000 to 2013, D.C. reported the highest percentage of gentrification in the
The Sacramento Bee, August 25, 2021, ‘It’s All About Democracy and Housing.’ 8 Realtors Helping Black Sacramentans Buy Homes Home ownership rates dropped by more than 10% for California’s Black residents in 2021 and research done by the National Community Reinvestment Coalition found that Black home ownership has typically ranged between 42%-44% and never has it
Advisor News, August 25, 2021, National Community Reinvestment Coalition Submits Comment Supporting HUD’s Proposed Disparate Impact Rule The National Community Reinvestment Coalition (NCRC) today submitted a comment letter to the Department of Housing and Urban Development (HUD), applauding HUD for its proposed rule setting the standard for bringing disparate impact claims under the Fair Housing Act. In the
